What are the responsibilities and job description for the Actuarial Associate position at New York Life?
Location Designation : Hybrid
When you join New York Life, you're joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You'll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.
We provide our actuarial trainees with a broad background in both the theoretical and practical applications of actuarial science by combining challenging rotating job assignments and significant support towards the completion of the actuarial exams. We also provide significant opportunities to improve business and leadership skills that will enable advancement through the company and prove valuable throughout one's career.
Responsibilities include :
- Develops premiums and benefits for new and enhanced insurance and annuity products
- Designs new products and product features
- Projects profitability generated by Company's products
- Prepares studies of financial experience
- Analyzes matching of assets and liabilities including developing optimal investment strategy
- Quantifies company risk exposure and proposes ways to minimize risk
- Assists in the determination of dividend scales
- Performs actuarial research and statistical analyses
- Performs special projects as assigned
Qualifications :
Please note : If entering an international address in the online application, please use NY as the state as this is a required field in order to submit your application
Salary range : $85,000 - $125,000
Overtime eligible : Exempt
Discretionary bonus eligible : Yes
Sales bonus eligible : No
Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and / or skills required.
About NY Life Insurance Company
Diversity & Humanity-two values that are deeply rooted in the New York Life culture and have laid the foundation for over 175 years of commitment to our employees, agents, policy owners, and the communities where we live and work. At New York Life you become a valued part of a welcoming, inclusive, and caring culture that has a long-standing legacy in stability and growth. The strength of New York Life revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance, and we want you to be a part of our legacy.
As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of a diverse team guided by our belief to always be there for each other-providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.
You are our future, and we commit to investing in you accordingly.
Visit our Linkedin to see how our employees and agents are leading the industry and impacting communities.
Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees' needs.
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Salary : $85,000 - $125,000
